Apartment rental online platform launched in Alberta

The goal is to make apartment renting stress-free, transparent and safe for everyone

Apartment rental online platform launched in AlbertaRentWell Ltd. has launched an apartment rental website across Alberta. The company said its online platform will help landlord and tenants living in Calgary, Edmonton and Red Deer in Alberta, seeking to list their apartment rental or find rental property. “RentWell.Ca combines the latest in technology innovation with experience in the rental housing market,” said…

Alberta hotel market growing despite economic challenges

Supply and demand growth in Alberta in 2019 are projected at 0.7 per cent and one per cent respectively for Edmonton and Calgary.

Alberta hotel market growing despite economic challengesAlberta’s hotel market continues to experience challenges in the wake of the province’s economic downturn, but Edmonton and Calgary are beginning to develop green shoots, according to a new report released Tuesday by commercial real estate firm CBRE. The report said supply and demand growth in Alberta in 2019 are projected at 0.7 per cent…

Calgary and Edmonton repeat home sale prices drop significantly

April prices down 7.32 per cent in Calgary from their peak in October 2014; down 5.99 per cent in Edmonton from their peak in September 2007.

Calgary and Edmonton repeat home sale prices drop significantlyPrices for repeat home sales in both Calgary and Edmonton are down significantly from their peaks, according to the latest Teranet–National Bank National Composite House Price Index. The report, which was released Tuesday, said prices in April were down 7.32 per cent in Calgary from their peak in October 2014. In Edmonton, prices were down…

PropertyGuys.com expanding into the Alberta market

Company also plans to expand into Ontario, British Columbia, Manitoba, Saskatchewan and the U.S. East Coast

PropertyGuys.com expanding into the Alberta marketPropertyGuys.com, North America's largest private home sale network, is expanding into Alberta, targeting the Calgary, Edmonton and Fort McMurray markets. The company said it also plans to expand into Ontario, British Columbia, Manitoba, Saskatchewan and the U.S. East Coast. “With 83 units already in Canada, the company has announced rapid plans for growth in 2019…

Calgary region housing starts down, Edmonton’s up, in April

Edmonton multi-family starts up 48% to 546 units, according to CMHC

Calgary region housing starts down, Edmonton’s up, in AprilHousing stars in the Calgary region plunged in April as both the single-detached and the multi-family markets saw a decrease in activity compared with a year ago. Statistics released on Wednesday by Canada Mortgage and Housing Corp. showed there were 254 single-detached starts for the month in the Calgary census metropolitan area. That was down…

Putting an end to homelessness coast to coast

Tim Richter of the Canadian Alliance to End Homelessness talks about the need to tackle poverty and policy with committed leadership

Putting an end to homelessness coast to coastTim Richter is president and CEO of the Canadian Alliance to End Homelessness. What is the Canadian Alliance to End Homelessness and what does it do? Richter: The Canadian Alliance to End Homelessness is a charity founded here in Calgary in 2011 that leads a national movement of communities working together to end homelessness in…

Repeat home sale prices continue to fall in Calgary and Edmonton

In Calgary, the index fell by 0.8%, for a cumulative decline of 3.2%; in Edmonton, it fell by 0.1%, for a cumulative drop of 3.5%

Repeat home sale prices continue to fall in Calgary and EdmontonThe Teranet–National Bank National Composite House Price Index, which looks at prices of repeat home sales, was down 0.4 per cent across Canada in February from the previous month. “Except for the recession year of 2009, it was the largest February decline in 19 years of index history,” said Marc Pinsonneault, senior economist of the…

Commercial real estate investment up in Calgary, Edmonton

Altus Group report predicts similar growth in both cities in 2019

Commercial real estate investment up in Calgary, EdmontonCommercial real estate investment in the Calgary and Edmonton markets increased in 2018, according to a new report by the Altus Group, a leading provider of software, data solutions and independent advisory services to the industry. In the fourth quarter of  2018, the Calgary market saw $1.2 billion in commercial sales, bringing the annual total…

Unemployment rates rise in Calgary and Edmonton

Nationally, 55,900 jobs were created in February and employment was up 369,100 on an annual basis

Unemployment rates rise in Calgary and EdmontonUnemployment rates in the Calgary and Edmonton regions rose in February, according to data released Friday by Statistics Canada. The federal agency reported that the unemployment rate in the Calgary census metropolitan area jumped from 7.3 per cent in January to 7.6 per cent in February. The Edmonton census metropolitan area climbed from 6.4 per…

Housing starts plunge in Calgary and Edmonton regions

Housing starts for single-detached properties down 30% year over year in the Calgary region, 36% in the Edmonton area

Housing starts plunge in Calgary and Edmonton regionsFebruary was not a good month for homebuilders in Calgary and Edmonton when it came to the construction of new single-detached homes. Data released Friday by Canada Mortgage and Housing Corp. indicated housing starts for single-detached properties were down 30 per cent year over year in the Calgary census metropolitan area to 207 units. In…